https://www.miningweekly.com
R/€ = 19.11 Change: 0.10
R/$ = 17.44 Change: 0.19
Au 1726.30 $/oz Change: -1.80
Pt 831.48 $/oz Change: 4.42
 

Base Metals News

Trevali puts Caribou mine on care and maintenance amid Covid-19 outbreak

By: Simone Liedtke     26th March 2020 TSX-listed Trevali Mining Corporation has announced the temporary suspension of operating activities at its Caribou mine near Bathurst, in New Brunswick. The temporary suspensions follow the deterioration of the global zinc market, which has been exacerbated by the continued challenges presented... 

Jubilee confident the group will withstand Covid-19 disruption

By: Simone Liedtke     26th March 2020 Aim- and AltX-listed Jubilee Metals says it has a “robust business model” and is, therefore, confident that the group will be able to withstand the disruption caused by the spread of the Covid-19 virus across the globe. In anticipation of this disruption, Jubilee says it has already taken... 

Sunrise ‘making steady progress’ with mine permitting for US project

By: Simone Liedtke     26th March 2020 Aim-listed Sunrise Resources on March 26 said it was making steady progress with the mine permitting process for its CS Pozzolan-Perlite project, in the US. The process is currently at a very advanced stage, the miner said, and all supplemental environmental reports have been accepted as... 

Imperial narrows loss to $40m

By: Marleny Arnoldi     26th March 2020 TSX-listed Imperial Metals in the year ended December 31, managed to narrow its net loss from continuing operations to $40.2-million from the $109-million loss reported in the year ended December 31, 2018. This amounted to a loss a share of $0.32 apiece in 2019, compared with a loss a share of... 

Imperial narrows loss to $40m
Imperial Metals' Huckleberry mine, in British Columbia

New gold futures contract launched – LBMA 

By: Martin Creamer     26th March 2020 A new gold futures contract just launched has expanded delivery options, London Bullion Market Association (LBMA) said on Thursday. The membership of LBMA, a gold and silver trade association, is made up of banks, traders and logistics companies across the world, resulting in it being given... 

New gold futures contract launched – LBMA
Photo by Creamer Media
LBMA executive board director Sakhila Mirza.

Hot Chili strikes production deal in Chile

By: Esmarie Iannucci     26th March 2020 Junior Hot Chili has accepted an offer from Chilean-government agency Empresa Nacional de Mineria (Enami) for the lease mining and processing of ore from the Productora copper/gold project, in Chile. Subject to a formal agreement, Enami would lease the mining concession for a period of two... 

Chile's copper miner Codelco suspends construction projects over coronavirus

By: Reuters     26th March 2020 Chile's Codelco, the world's largest copper miner, said on Wednesday it would temporarily suspend construction on some projects in a bid to halt the spread of coronavirus, as the company´s unions ratcheted up pressure for more safety measures. In a statement Codelco said the 15-day suspension... 

Coronavirus threatens copper giant Peru's 21-years of growth

By: Reuters     25th March 2020 Peru may be on track to record its first annual economic contraction in over two decades as the world's second largest copper producer is hammered by the impact of a global coronavirus pandemic hurting commodities demand. Around the country miners have been forced to slow or suspend operations... 

Coronavirus threatens copper giant Peru's 21-years of growth

Kambalda restart to cost A$68m - Mincor

By: Esmarie Iannucci     25th March 2020 A definitive feasibility study (DFS) into its integrated nickel re-start plan, in Kambalda, has confirmed the potential for the production of 63 000 t of nickel-in-concentrate over a five year period. ASX-listed Mincor Resources on Wednesday noted that the project would require a capital... 

Kambalda restart to cost A$68m - Mincor

First Quantum eyes stake sale in Panama mine – sources

By: Reuters     24th March 2020 Miner First Quantum Minerals is considering selling a minority stake in its flagship Cobre Panama copper mine to reduce debt, two banking sources familiar with the discussions said. First Quantum's possible move comes as global miners scramble to bolster finances strained by the coronavirus... 

First Quantum ‘remains stable’, but cuts executive salaries by 20%

By: Simone Liedtke     24th March 2020 TSX-listed First Quantum Minerals has said its production and sales “remain stable” in the current environment and the company is maintaining its production guidance for the year. In a statement on March 24, CEO Philip Pascall said the company’s key priorities are the health of its employees and... 

First Quantum ‘remains stable’, but cuts executive salaries by 20%
First Quantum's Cobre Panama

South African miners preparing for three-week lockdown 

By: Simone Liedtke     24th March 2020 Various South African mining companies have pledged their support for President Cyril Ramaphosa’s Covid-19 directives and range of measures in respect of mitigating the impact of the pandemic on South Africa’s economy. The pledges follow the President’s address to the nation on Monday evening,... 

South African miners preparing for three-week lockdown
Photo by Creamer Media
President Cyril Ramaphosa

Taseko’s operations not affected by Covid-19

By: Marleny Arnoldi     24th March 2020 TSX- and NYSE-listed Taseko Mines confirms there have been no confirmed cases of Covid-19 nor related impacts at any of its operations or offices in Canada and the US. Particularly, the company’s 75%-owned Gibraltar mine, in British Columbia, has operated at planned rates in the first quarter... 

Exploration on Oriole’s newly applied for land in Cameroon will have to wait

By: Marleny Arnoldi     24th March 2020 Aim-listed Oriole Resources has been granted another ten-year tenure for the 472 km2 Dalafin land package under a new licence called Senala, based in the highly prospective south-eastern corner of Senegal. The company in the year ended December 31, 2019, also applied for an additional eight... 

Ok Tedi workers cleared of Covid-19

By: Esmarie Iannucci     24th March 2020 State-owned Ok Tedi Mining on Tuesday said that the results of its three remaining potential COVID-19 cases have come back negative. Between March 15 and 20 the company identified seven potential COVID-19 cases at the Ok Tedi copper/gold/silver mine, in Papua New Guinea, with samples sent for... 

Orion Minerals halts Prieska financing talks  

By: Esmarie Iannucci     24th March 2020 Copper developer Orion Minerals on Tuesday said that it would postpone debt financing activities for the development of its Prieska copper project, in South Africa, until global macro-economic and market conditions stabilise. The ASX- and JSE-listed Orion has told shareholders that the company... 

Rupture of copper demand to fuel surplus as industry hit by virus

By: Reuters     23rd March 2020 A slide in copper demand as much of the world's manufacturing sector is disrupted by the coronavirus outbreak is expected to fuel a surplus this year of up to a million tonnes in what was expected to be a balanced market. Most analysts are still revising estimates but they say the loss of... 

Rupture of copper demand to fuel surplus as industry hit by virus

Chilean miner Codelco says copper price fall puts projects 'at risk'

By: Reuters     23rd March 2020 Chilean copper miner Codelco said on Monday that the drop in copper prices has put some of its projects "at risk." The miner, the world's largest of the red metal, said in a letter sent to all its workers that the significant decline "casts doubt on our ability to generate resources and also... 

Freeport suspends dividend payment in response to Covid-19

By: Simone Liedtke     23rd March 2020 NYSE-listed Freeport-McMoRan will, in response to the Covid-19 pandemic and resulting global economic uncertainties, suspend the quarterly cash dividend of $0.05 a share, as was previously planned for May 1, 2020. The payment of future dividends will depend on Freeport’s financial results, cash... 

Mining Company Katanga sues China MMG's Kinsevere mine in Congo

By: Reuters     23rd March 2020 China's MMG on Monday said Mining Company Katanga (MCK) has obtained a freezing court order over some assets of its Kinsevere copper mine in Democratic Republic of Congo and is seeking damages of $258-million over a mining services contract. MCK has commenced legal proceedings as it claims MMG... 

Mining Company Katanga sues China MMG's Kinsevere mine in Congo

Congo imposes 48-hour lockdown on mining province over coronavirus

By: Reuters     23rd March 2020 Congo has imposed a two-day lockdown in Haut-Katanga, an area rich in copper and cobalt, after two people tested positive for the coronavirus, provincial governor Jacques Kyabula Katwe said. He said late on Sunday the boundaries of the southeastern province, whose capital is the mining hub of... 

Congo imposes 48-hour lockdown on mining province over coronavirus

Vanadium-carrying mineral confirmed at Sweden prospecting area

By: Donna Slater     23rd March 2020 European battery metals developer Eurobattery Minerals discovered a certain type of the mineral rutile as part of analysis carried out on thin section cuts from drill core samples from its prospecting site in Fetsjön, Västerbotten, in northern Sweden. The developer claims that scientists have... 

ScoZinc raises C$500 000 to support Scotia mine’s prefeasibility study

By: Marleny Arnoldi     23rd March 2020 TSX-V-listed ScoZinc Mining plans to raise C$500 000 in a nonbrokered private placement. The offer consists of the sale of up to 1.25-million shares at a price of C$0.40 apiece, coupled with a warrant to purchase additional shares at a price of C$0.55 apiece.  

ScoZinc raises C$500 000 to support Scotia mine’s prefeasibility study

Ecuador's largest gold and copper mines scale back as Coronavirus cases rapidly grow

By: , Bloomberg     22nd March 2020 Ecuador said on Sunday that its largest gold and copper mines would reduce the number of workers and scale back operations to a minimum as the country registers a rapid growth of coronavirus infections. The Fruta del Norte gold mine, operated by Canadian company Lundin Gold, and the Mirador... 

BHP to exclude contractors at Chile copper mines for 15 days

By: Reuters     22nd March 2020 Global miner BHP Group will exclude contractors from its Chile copper mines for 15 days, it announced on Sunday, saying this is part of efforts to curb the spread of coronavirus. BHP operates the Escondida and Pampa Norte mines in Chile, which on Saturday confirmed its first coronavirus death.... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19 

By: Marleny Arnoldi     20th March 2020 Global diversified miner Anglo American has announced the measures that it is taking in light of the Covid-19 outbreak across its mining and corporate operations. CE Mark Cutifani says the measures are often tailored to the specific nature and location of a particular site to protect the... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19

Codelco says sales, shipments of copper not yet hit by coronavirus

By: Reuters     20th March 2020 Chilean State miner Codelco said on Thursday that sales and shipments of copper had not yet been impacted by the spread of coronavirus, even as it took precautions to ensure the safety and security of its workers. The world´s largest copper miner told Reuters it had secured its supply chain and... 

Dramatic fall in mining, metals M&A activity in January

By: Rebecca Campbell     20th March 2020 January this year saw a very sharp fall in merger and acquisitions (M&A) deals in the metals and mining industry worldwide, London-based data analytics and consultancy group GlobalData has reported. The falls were both month-on-month and year-on-year.  

Geotechnical drilling improves safety at phosphate mine

By: Darren Parker     20th March 2020 Drilling company Geomech Africa, part of geotechnical services holding company GeoGroup, has completed its geotechnical investigation at phosphate product producer and distributor Foskor’s phosphate mining operation in Phalaborwa, Limpopo. The Foskor phosphate mine comprises the North and South... 

Geotechnical drilling improves safety at phosphate mine
DOING THE HOLE JOB The geotechnical investigations required the drilling of two holes in the North pit and five in the South pit at depths of between 300 m and 500 m

Anglo American reduces operations at Los Bronces copper mine in Chile

By: Reuters     19th March 2020 Global miner Anglo-American said on Thursday it would scale down operations at its Los Bronces copper mine in Chile to the minimum necessary to ensure "operational continuity" amid the spread of the coronavirus in the South American nation. The miner said in a statement it expected only minimal... 

Anglo American reduces operations at Los Bronces copper mine in Chile

Rio halts Kennecott following earthquake

By: Esmarie Iannucci     19th March 2020 Mining major Rio Tinto has temporarily suspended operations at its Kennecott copper/gold/silver mine, in Utah, following a 5.7 magnitude earthquake. The company has reported that all employees had been accounted for evacuated from potential risk areas, while initial assessments have identified... 

Rio halts Kennecott following earthquake

Codelco to cut operations as coronavirus spreads

By: Reuters     19th March 2020 Chilean copper miner Codelco said on Wednesday it would reduce its operations to comply with a state of catastrophe announced by the government in a bid to curb the spread of coronavirus. The miner, the world's biggest of the precious red metal, said it would maintain "operational continuity"... 

Codelco to cut operations as coronavirus spreads

Sandfire keeps firing amid Covid-19 fears

By: Esmarie Iannucci     19th March 2020 Copper miner Sandfire Resources is undertaking business as usual while continuing to implement protocols to minimise the potential transmission of COVID-19. The ASX-listed miner on Thursday said that its DeGrussa operations, in Western Australia, continued to operate at full capacity, with... 

Workers at BHP's Escondida call for mine closure

By: Reuters     18th March 2020 Unionised workers at BHP´s Escondida copper mine, the world´s largest, said on Wednesday they would ask authorities to shut down the mine unless management begins to implement stricter measures to prevent the spread of the coronavirus. The union said in a statement its members were particularly... 

Arc sells last non-copper interest

By: Marleny Arnoldi     18th March 2020 London-listed Arc Minerals has entered into a binding agreement to sell its 99.43% interest in Casa Mining to Golden Square Equity Partners for up to $50-million. Golden Square will assume all existing liabilities pertaining to Casa, which were £1.95-million, or about $2.3-million as at the end... 

Another major copper project grinds to halt over Covid-19

By: Mariaan Webb     18th March 2020 Canadian diversified miner Teck Resources on Wednesday announced that it had suspended construction activities at the $4.8-billion Quebrada Blanca Phase 2 (QB2) project to support Chile’s efforts to limit the transmission of Covid-19. The suspension would be for an initial two weeks, at which... 

Another major copper project grinds to halt over Covid-19
An October 2019 photo of construction at the QB2 project, in Chile.

Global copper output to grow steadily in coming years – Fitch Solutions

By: Tasneem Bulbulia     18th March 2020 Global copper mine production will see steady growth over the next few years, as a number of new projects and expansions come online, supported by rising copper prices and demand, research agency Fitch Solutions says. It expects global copper mine production to increase by an average yearly rate... 

Automotive battery makers looking to alternative chemistry to lower costs

By: Tasneem Bulbulia     18th March 2020 Major automotive battery makers and car manufacturers are planning to alter battery chemistry to lower the cost of new electric vehicles (EVs) being rolled out this year, mining and materials forecaster Afriforesight says. The race to cost cuts intensified last week with the largest Chinese EV... 

3 4 5 6
7
8 9 10 11

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close